Three in five 16-54 year olds (61%) have admitted that their nominated beneficiary or expression of wish form connected to their pension is out of date or they do not know the true position, according to new research.

The Chartered Institute for Securities and Investment is to relaunch its Certified Financial Planner designation with a new pathway which will move the qualification up from Level 6 to Level 7.

The High Court has sentenced a man involved in four Unauthorised Collective Investment Schemes (UCIS) which lost investors £15m to six months in prison after he diverted assets which could have been used to repay investors.

The new single financial guidance body, which will bring together three consumer advice organisations, is to be called the Money and Pensions Service (MAPS).

John Glen MP, Economic Secretary to the Treasury, has appointed consumer champion Richard Lloyd to the FCA board among a number of board appointments announced today.

Xafinity SIPP and SSAS has cut fees on its SimplySIPP product and upgraded technology for advisers.

Aviva has promoted its international insurance head Maurice Tulloch to be its new Aviva plc chief executive from today (4 March) after a six month hunt.

Fairstone, which describes itself as one of the UK’s largest Chartered Financial Planning firms, has acquired Pensions and Wealth Management Services, adding 400 clients and £200m FUM.

Standard Life Aberdeen’s Financial Planning arm 1825 has acquired the wealth management arm of BDO Northern Ireland.

Fund manager Jupiter today reported a slump in pre-tax profits of £13.7m to £179.2m as assets under management dropped by 15% to £42.7bn and the firm was hit by net outflows of £4.6bn.